FBKWX vs. FBND
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Total Bond ETF (FBND).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FBKWX vs. FBND - Performance Comparison
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FBKWX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | -0.37% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | -0.56% | 4.39% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, FBKWX achieves a -0.37% return, which is significantly lower than FBND's 0.12% return. Over the past 10 years, FBKWX has underperformed FBND with an annualized return of 2.58%, while FBND has yielded a comparatively higher 2.78% annualized return.
FBKWX
- 1D
- 0.10%
- 1M
- -1.75%
- YTD
- -0.37%
- 6M
- 0.39%
- 1Y
- 4.05%
- 3Y*
- 4.16%
- 5Y*
- 0.67%
- 10Y*
- 2.58%
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FBKWX vs. FBND - Expense Ratio Comparison
Both FBKWX and FBND have an expense ratio of 0.36%.
Return for Risk
FBKWX vs. FBND — Risk / Return Rank
FBKWX
FBND
FBKWX vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Total Bond ETF (FBND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBKWX | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.03 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.44 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.69 | +0.01 |
Martin ratioReturn relative to average drawdown | 5.16 | 5.25 | -0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBKWX | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.03 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.17 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.44 | +0.11 |
Correlation
The correlation between FBKWX and FBND is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBKWX vs. FBND - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.10%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.10% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FBKWX vs. FBND - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FBKWX and FBND.
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Drawdown Indicators
| FBKWX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -17.25% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.79% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -17.25% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -17.25% | -1.06% |
Current DrawdownCurrent decline from peak | -2.25% | -1.80% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -3.38% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.90% | +0.05% |
Volatility
FBKWX vs. FBND - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class Z (FBKWX) is 1.50%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.66%. This indicates that FBKWX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBKWX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.66% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.62% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 4.44% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 5.90% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 6.08% | -1.34% |